ParaZero Technologies (NASDAQ:PRZO) Trading 1.5% Higher – Should You Buy?

Shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) rose 1.5% on Thursday . The stock traded as high as $0.68 and last traded at $0.68. Approximately 69,843 shares traded hands during trading, a decline of 92% from the average daily volume of 838,448 shares. The stock had previously closed at $0.67.

ParaZero Technologies Trading Down 2.9 %

The firm has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.66.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC acquired a new stake in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,378 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.68% of ParaZero Technologies as of its most recent SEC filing. Institutional investors own 1.44% of the company’s stock.

ParaZero Technologies Company Profile

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.